MONTHLY ECONOMIC INDICATORS

Transcription

1 MONTHLY ECONOMIC INDICATORS SEPTEMBER 0

2 Table of Contents 1. INFLATION MONEY, CREDIT AND INTEREST RATES REAL SECTOR INDICATORS BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS DEVELOPMENTS IN THE BANKING SECTOR GOVERNMENT BUDGET OPERATIONS PUBLIC DEBT CAPITAL MARKETS INDICATORS Monthly Economic Bulletin September

3 TABLE 1.1: MONTHLY TRENDS IN INFLATION (%) 1. INFLATION Overall 12 months inflation Food Inflation Fuel Inflation Source: Kenya National Bureau of Statistics and Central Bank of Kenya Non-Food Non- Fuel Inflation Average Annual Three months annualised January February March April May June July August September October November December January February March April May June July August Monthly Economic Bulletin September

4 TABLE 1.2: MONTH-ON-MONTH CONTRIBUTION IN OVERALL INFLATION (%) Food & Non- Alcoholic Alcoholic Beverages, Beverages Tobacco & Narcotics Clothing & Housing, Footwear Water, Electricity, Gas and other Fuels Furnishings, Household Equipment and Routine Household Maintenance Health Transport Communication Recreation & Culture Education Restaurants & Hotels Miscella neous Goods & Services Overall January February March April May June July August September October November December January February March April May June July August Source: Kenya National Bureau of Statistics and Central Bank of Kenya 3 Monthly Economic Bulletin September

5 TABLE 1.3: OVERALL INFLATION ACROSS INCOME GROUPS (%) Nairobi Upper Income Source: Kenya National Bureau of Statistics Nairobi Middle Income Nairobi Lower Income Nairobi Combined January February March April May June July August September October November December January February March April May June July August Monthly Economic Bulletin September

6 TABLE 1.4: REGIONAL AND OVERALL INFLATION (%) Nairobi Rest of Kenya Kenya January February March April May June July August September October November December January February March April May June July August Source: Kenya National Bureau of Statistics 5 Monthly Economic Bulletin September

7 2. MONEY, CREDIT AND INTEREST RATES TABLE 2.1: MONEY SUPPLY AND ITS SOURCES (KSH BILLION) COMPONENTS OF M3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 1. Money supply, M1 ( ) Currency outside banks Demand deposits Other deposits at CBK \ Money supply, M2 (1+2.1) Time and saving deposits Money supply, M3 (2+3.1) Foreign Currency Deposits SOURCES OF M3 1. Net foreign assets \ Central Bank Banking Institutions Net domestic assets ( ) Domestic credit Government (net) Private sector Other public sector Other assets net Memorandum items Memorandum items 2. Reserve money Bank reserves Overall liquidity, L (3+4.1) Non-bank holdings of government securities ANNUAL GROWTH RATE (%) COMPONENTS OF M3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 1. Money supply, M1 ( ) Currency outside banks Demand deposits Other deposits at CBK \ Money supply, M2 (1+2.1) Time and saving deposits Money supply, M3 (2+3.1) Foreign Currency Deposits COUNTERPARTS OF M3 1. Net foreign assets \ Central Bank Banking Institutions Net domestic assets ( ) Domestic credit Government (net) Private sector Other public sector Other assets net Memorandum items Memorandum items 2. Reserve money Bank reserves Overall liquidity, L (3+4.1) Non-bank holdings of government securities Absolute and percentage changes may not necessarily add up due to rounding \ 1 Includes county deposits and special projects deposit \ 2 Net Foreign Assets at current exchange rate to the US dollar. Source: Central Bank of Kenya Monthly Economic Bulletin September 6

8 TABLE 2.2: BANKING SYSTEM NET DOMESTIC CREDIT (KSH BILLION) Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 1. Credit to Government Central Bank Commercial Banks & NBFIs Credit to other public sector County government Parastatals Credit to private sector 2, , , , , , , , , , , , ,260.6 Agriculture Manufacturing Trade Building and construction Transport & communications Finance & insurance Real estate Mining and quarrying Private households Consumer durables Business services Other activities TOTAL (1+2+3) 2, , , , , , , , , , , , ,822.6 ANNUAL GROWTH RATE (%) Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 1. Credit to Government Central Bank Commercial Banks & NBFIs Credit to other public sector Local government Parastatals Credit to private sector Agriculture Manufacturing Trade Building and construction Transport & communications Finance & insurance Real estate Mining and quarrying Private households Consumer durables Business services Other activities TOTAL (1+2+3) Source: Central Bank of Kenya 7 Monthly Economic Bulletin September

9 TABLE 2.3: INTEREST RATES (%)\ 1 CBK Rates Government Tbill Rates Commercial bank rates Repo Interbank CBR CRR KBRR 91-days 182 days 364 days Deposit Savings Lending Overdraft 7 days 3 days January February March April May June July August September October November December January February March April May June July August CBR Central Bank Rate KBRR Kenya Bank's Reference Rate CRR Cash reserve ratio REPO Repurchase Agreement \ 1 Monthly weighted average Source: Central Bank of Kenya and Commercial Banks 8 Monthly Economic Bulletin September